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FOX Business
Dec 24, 2012 11:00am EST
about the fate of house speaker john boehner because there's a lot more at play than just raising taxes on people who make more than a million dollars with what we saw happen last week? >> yeah, you know, i have always been a fan of john boehner's. i've known him for 20 years. i think he's a strong conservative. he's got a bit of a conservative revolt on his hands dagen. any time you have a high-profile issue like this and you are about to bring to it the floor and you have a revolt among your own members of your own party, that's a bad thing if you want to retain your speakership. so i think there may very well be a rebellion come january when they vote on officially on who the speaker will be. you know, eric cantor is next in line. but i'm going to predict that i think that john boehner is going to hold on despite the fact there is a mini rebellion within the republican party. dagen: great to see you steve. merry christmas. >> merry christmas. dagen: be well, safe travels. i know you are in chicago. >> i have to come back early because of the fiscal cliff. dagen: steve, thanks. >> tak
CNN
Dec 30, 2012 3:00pm PST
deal has to pass the house. we are not into the senate yet and the republican speaker john boehner plablamed the crisis one president saying he the one who has never found a way to say yes. >> so you are in new york and i'm in atlanta, and we get to washington now, because the senior congressional correspondent dana bash is closely following the negotiations from capitol hill, and dana, you have been there and talking to people, and where are we on this? >> well, the senate majority leader harry reid was on the floor moments ago saying that the senate will reconvene at 11:00 a.m. tomorrow. the senate will reconvene tomorrow at 11:00 tomorrow, and that means no senate votes tonight which is not good news for everybody looking at the calendar and looking at the watch at this point and not the calendar to see that it is midnight tomorrow night that everybody's taxes in this country will go up. simply put, both sides are not at a place where they believe that they can come up with anything to put on the senate floor for a vote tonight. they will give it until the actual deadline, decem
CNBC
Dec 27, 2012 7:00pm EST
-cabrera in for larry kudlow. this is "the kudlow report." speaker john boehner calls the house back into session for sunday night. that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of
CNN
Dec 30, 2012 12:00pm PST
, at least the public ones, between president obama and john boehner. john bain certificate sort of sitting this one out. it's now harry reid, the senate majority leader, the democrat, and mitch mcconnell, the senate minority leader, the republican and joe biden has been brought in as the guy that you call if things are breaking down right now. so it's, there's an impasse, they're stuck. but something might still be happening. >> he's the master of the senate. he was there for 30-plus years, he knows how to cut a deal. and we heard senator mcconnell say on the floor of the senate, he's looking for a dance partner. i guess he thought senator reid wasn't it so now he's saying i'll try over here with vice president biden. i don't think that he's going get any further with vice president biden on this issue of cpi for example. the white house will not be any more open to that than senator reid was. but if there is a way to get another route forward or if they're all just looking for an angle, maybe they can find another path this afternoon. who knows. >> thank you, jessica you're kind enough no
PBS
Dec 31, 2012 3:00pm PST
. can john boehner muster the votes on the house side to get this passed. republicans do not like this on the house side there are no spending cuts, so many of them say they will vote against it, maybe the question then becomes can john boehner muster 40 or 45 republican votes and then use the 185 or 190 votes that nancy pelosi would deliver, potentially for a deal like 24 with no spending cuts to pass it there, tomorrow or the next day. the house side is unclear at this point. >> woodruff: so todd, you're saying as we sit here this evening, we're hearing there may be a senate vote tonight, the house may vote tomorrow. but at this point, it still is not known the outlines of what a potential deal would look like. >> i think the outlines are known on the tax side. and it was described accurately in your piece there, judy, with the tax rates at 450 for families, dividends would go up, the estate tax part of it. what is important is the one year extension on unemployment benefits. there are 2 million people set to lose their benefits, so that is all in there. everybody must keep in m
CNBC
Dec 27, 2012 4:00am EST
no plans to reconvene. last week, house speaker john boehner said it was up to the house to act on extending unemployment benefits. as we work through all of this, we are happy to be joined by allen capper, head of credit strategy at lloyd's for the hour. welcome back. i guess we're still shaking off the christmas turkey tryptophan, i guess they call it, and yet it feels as though it's groundhog's day. >> yes. you say shaking off the christmas blues and we're shaking still waiting to hear what happened with this fiscal cliff. we knew they would take it to the wire. there's no surprises. what concerns me, this may stretch on until january. now, this is not the first time we've been in a situation like this in my career in the markets. the opportunity is clearly markets may sell off and then an accord has to be reached. i guess a lot of people will be seeing that. >> what are you seeing in credit markets right now? is there a sense they're looking at the strong off move? >> i think in the credit market, liquidity started to disappear last week and now there's no real positioning w
CNBC
Dec 28, 2012 4:00am EST
days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this, we're joined by christian schultz from barronberg bank. welcome. so we're going over the fiscal cliff. >> well, the consumer confidenc already be over the cliff in terms of confidence already. that might already be the first impact of the crisis of -- not of the crisis,
CW
Dec 30, 2012 8:30am PST
. the plan is to present it to the full senate for a vote on sunday and send it to the house and hoax john boehner was at the capitol and left with no comment. both sides remain at odds over the democrat's insistence that the wealthy pay more in taxes. >> the president's tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's ready to propose his own scaled-back bill that would block tax increases for all but the wealthy. and preserve expiring unemployment benefits. with the deficit ticking ever higher, patience is wearing thin. >> for those of us who invest in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute negotiations is talk
CNN
Dec 31, 2012 4:00am PST
leader mitch mcconnell. john boehner not in this, nancy pelosi isn't in this, not even the president. the house reconvenes at 10:00, the senate at 11:00, bright and early. sarcastic. neither of them showing particular signs of progress. >> these two worked together in the senate for 20 years. so you hope -- >> in fairness, the houses are not convening. these guys are not working. i don't care if it doesn't play out in the media. the big stumbling block has been avoided. republicans dropped their demand to reduce social security cost of living increases. >> i was really gratified to hear republicans had taken the demand for social security benefits off the table. truth is, they never should have been on the table to begin with there is still significant distance between the two sides, but negotiations continue. >> the consequences of this are too high for the american people to be engaged in a political messaging campaign. i'm interested in getting a result here. >> they have all been politically messaging, not sure why they are being critical of it now. thousands of there's of your t
CNBC
Dec 31, 2012 6:00am EST
boehner on the last day to keep that off the house floor. john boehner has followed what denny hastert used to impose as the majority of the majority rule. you don't bring something to the floor unless most of your members are for it. i think john boehner in this case would be willing to set that aside. he would have something else for his members to vote for, which would be more favorable to those die hard conservatives who oppose the deal, but i think he would put it on the floor and i think eld pass. >> joining us now on the set is republican congresswoman shelly moore-capito and democratic congressman greg meeks from new york. congresswoman, i think he could do that and bring it and still be fine on january 3rd. is that your view? he would be re-elected speaker. >> i think he's going to be re-elected speaker, regardless. but i think there is a will in our conference, in the republican conference, to act, to have something on the floor to react to. i would say that it could be that it comes back from the senate and we act on it, but we amend it and change it. i wouldn't say it would
FOX News
Dec 24, 2012 8:00am PST
republicans. >> reporter: all eyes now turning to the possibility since speaker john boehner was not able to get enough republican votes to move forward with a plan late last week, that maybe now the senate will have to workout a compromise between harry reid, mitch mcconnell the democratic and republican leaders, and the president who is here in hawaii when you talk to his staff they say it's very likely some time after spending christmas with his family, whether it's the middle or later part of this week he's likely to head back to washington to sit down with congressional leaders and try to work this out. >> reporter: it's a bit encouraging for a lot of folks who were wondering about that question. i'm curious is there anyone on the island that is critical to the fiscal talks that joined the president on this trip or is everything being done electronically? >> reporter: most electronic leave. the one interesting point is when i mentioned the memorial service for senator inouye the person giving the oo eulogy was harry reid. they may have got even a chance for a little private time. the
FOX News
Dec 27, 2012 10:00am PST
-called plan b failed in the house, john boehner, speaker of the house said, look, it's up to the senate. we'll not do anything more. we already passed a bill a while back that would extend bush tax cuts for everybody. it is up to the senate to do something. you have senate minority leader mitch mcconnell, the republican saying it is up to the democrats to do something. we'll not do anything until president obama and the democrats come up with a plan and president obama actually late yesterday did call all four leaders, majority, minority leaders in the house and senate that includes mitch mcconnell and said the first time a democrat called him since thanksgiving to talk about this. so they're talking but there is no indication anybody is actually doing anything right now. gregg: what about harry reid? what's his, does he have anything at all maybe towards the end of the week he will put on the table? i've been hearing he will put to a vote an extension of the bush tax cuts for anybody making under $250,000 a year, extend unemployment benefits for some 2 million people that are about to lose
FOX News
Dec 30, 2012 1:00pm PST
together in times of crisis. second difficulty for the house is calendar. house g.o.p. speaker john boehner who has signaled he does support some kind of sandy aid has not decided to bring it up for vote in this session of congress. this session ends on thursday. if it is not brought up by then the bill will expire and the next congress will have to started on it all over again. >> gregg: molly henneberg, molly thanks. >> arthel: mixed messages on fiscal cliff, next today. republican senator lindsay graham expressing optimism on deal and president obama is calling out lawmakers for rejecting offers for last month. >> what do you think the chances of a small deal in the less 48 hours to avoid the cliff? >> exceedingly good. i think what have we accomplished, a political vick for the president. the president has stood his ground. he is going to get tax rate increases but upper income americans and sad news for the country we have accomplished very little of not becoming greece. this won't affect the debt situation. it will be a political victory for the president and i hope we'll have the cou
CNN
Dec 31, 2012 2:00am PST
it's not as if he doesn't have an awfully strong hand to play. if it's a deal john boehner can accept, frankly, i think it will be passed in a bipartisan manner with a strong majority. if earn he's not neutral or favorable, his chances will be a lot slimmer. >> we will find out in the morning whether any progress came out of the senate leader mitch mcconnell's meeting with vice president joe biden. >> we've been asking you, our viewers, to send in your thoughts, your messages to elected representatives. so let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest
CNBC
Dec 28, 2012 12:00pm EST
is the president's last offer to john boehner. it would also include things like, that would be temporary like the unemployment extension of unemployment benefits, the extension of the milk subsidies and a couple other things. the main question is over the duration. republicans want it to be short term. democrats are saying it has to be permanent or long term. but it does appear that there is some progress toward the possibility of a deal and this is certain to be discussed at the meeting at the white house this afternoon with leaders and the president although not sure whether they'll be in a position afterwards to openly push it fnchts there was a deal reached in principle when would they vote on it? >> i think if they made progress at the meeting today and if mitch mcconnell and john boehner decide to take the risk of t advancing this with their members they could vote sunday or monday and it is possible to get done before january first. nobody is betting on this at this point and everybody's omt michel has been sorely tested by the lack of movement over the last week or so but just in the
CNN
Dec 28, 2012 4:00am PST
on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate majority leader harry reid can cobble together to get some republican support. technically, it's still possible to come to an agreement. that said, politically is a different story, and the prospects for coming to a deal are starting to dim. right now, we're hearing a whole lot of the blame game. a lot of public posturing from both sides as they prepare for the possibility of going over the cliff. let's listen to harry reid. >> we are here in washington working while members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> now, the speaker of the house, john boehner, sort of retorting to reid, ali. in a conference call he said the leaders should do more -- or pardon me. less talking and more legis
CSPAN
Dec 30, 2012 10:30am EST
to the cover of this magazine -- it has a list of losers, john boehner, harry reid, barack obama. it's a list of winners is blank. how does john boehner come out looking after what happened over the past four weeks? guest: it is hard to see anything positive. he took on the negotiants for the republicans. he failed to get his own house to come along. plan b, clancy, -- plan c, and now he is seated negotiants to harry reid. -- negotiations to harry reid. it is certainly possible that he may have trouble getting reelected as speaker. he may get 20 or so to party boats to vote against them or not vote at all. i could stop him from being reelected. host: what are the pitfalls for harry reid and mitch mcconnell? guest: mcconnell is up for reelection in 2014. if he agrees with the white house on something, particularly tax increases, it will hurt him in his election. remember rand paul -- mcconnell has less room to maneuver. for harry reid, a lot of his reputation is on the line. can he put something on the floor of the senate that some democrats will support? guest: the biggest loser is the unempl
FOX Business
Dec 24, 2012 10:00am EST
of distractions in the republican party, as to whether john boehner keeps his job as speaker and a whole lot of questions about whether the tea party has been decimated by boehner, whether they rise up. the president may try to push something through real fast, what do you think? >> it would certainly not make things easier for speaker boehner, but i think there is incredible skepticism regarding a carbon tax in the next go-round in 2013. so i think it would drive a wedge in the caucus even further, but i don't know that you'll see a ton of republicans jump on board for a carbon tax. david: no, no, you won't have a lot of republicans do it, but i think you'll find the president pushing in that direction, maybe focus narrowly on natural gas production. thank you very much. sam, it's good to see you, my friend, appreciate it. >> thanks for having me on. thanks. >> the president can pay for all of the spending just by raising taxes, so how will he foot the bill? is a fat tax like the one that they have in europe the way to do it? a vat tax? a value added tax? is that story coming up next. how d
CBS
Dec 26, 2012 7:00am PST
and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid is believed to be crafting a plan of his own. it's expected to extend bush-era tax cuts. it would also include short-term spending cuts instead of the massive cuts that would occur if there is no deal. it would also patch up the alternative minimum tax that will hit even more middle class families and schedule a drop off for doctors. >> if republicans do give in and support the deal being put together by harry reid that deal is expected to be far less favorable than the potential deal they had been working on with president obama. >> republican strategist, frank luntz has been talking with voters, what is the chance you see this becomes the new compromise? >> i'm not sure if hooert side is watching very closely. we did a survey and we got two interesting questions. one that's very tough on republicans. we a
CBS
Dec 28, 2012 7:00am EST
majority of the house of representatives to get what they want. >> house speaker john boehner oldered republicans back to the capitol for a rare sunday night session. republicans expect to vote then on whatever fiscal cliff bill the senate passes. all this one day before the deadline and the warnings of a recession that have rattled wall street and consumer confidence. >> they know it will have an anything ticket impact on the economy and they know it will have a negative impact on their families and they expect us to be here and work and we're not. >> deadlines are approaching. 2 million americans who have been out of work for more than 6 months will start losing their unemployment benefits tomorrow and the nation runs out of borrowing authority to finance or $16 trillion debt on monday. they can use extraordinary measures until they go into default. extraordinary. that might be a word that apply to then tire situation. >> major garrett, thank you very much. >>> republican bob corker of tennessee has offered proposaled to break this. senator, good morning to you. >> good morning, jef
CNBC
Dec 31, 2012 9:00am EST
side under the leadership of speaker john boehner. i've talked to a couple of republicans this morning who are fairly optimistic that whatever comes out of the senate, whatever that deal is, it will pass the house this afternoon. although hard-core republican anti-tax folks are not going to vote for it. it still would likely have enough votes to pass. that's at least the mood of some folks i'm talking to today. guys, one of the big questions that's unresolved here was raised on a conference call with ceos arranged by the white house on friday night, on that white house conference call with ceos. one of the ceos asked tim geithner, i'm told by a participant on the call, whether a small deal would be enough to are prevent ratings agencies to downgrade u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it
CNBC
Dec 24, 2012 5:00am EST
with house speaker john boehner to keep taxes for 98% of americans from going up on the first of january. but both sides, though, they're not talking and congress is in recess until after christmas. some democrats are still hopeful that a deal can be reached, but the republicans, they're not holding out hope. >> i would hope that we would have one last attempt here to do what everyone knows needs to be done, which is the larger plan that really does stabilize the debt and get us moving in the right direction. >> if we go down to the end of this year and the only choice we have is to save taxes going up on the middle class, then i would support that. but i wish we would have a comprehensive bill that dealt with spending, dealt with entitlements and dealt with taxes altogether. >> i believe the president is eager to go over the fiscal cliff as he senses a victory at the bottom of the cliff. >> republicans are now looking past for new year's day to the battlegrounds. >> i would raise the debt ceiling only if we save medicare and social security and prevent this country from becoming greece.
CNBC
Dec 26, 2012 4:00pm EST
john boehner would put that on the floor even if most republicans were not in favor of it. bill? >> okay. we're going to hope that something like that can be at the very minimum at this point. john harwood, thanks. see you later. don't worry, be happy. one of our next guests says should we go over the fiscal cliff, someone else on wall street says the cliff will not be a doomsday event. we'll get them to make their case coming up. >> and also later on. facebook making an about face on using user photos for advertising. >> and winter storm euclid is pummeling the east coast. the latest storm and storm track coming up in the next hour of the program. you're watching cnbc, first in business worldwide. plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. you won't take our future. aids affects us all. even babies
CSPAN
Dec 26, 2012 7:00am EST
not see the republican -- john boehner is working with the president to do anything. they do not do anything. they have -- they do not work with the president. i am wondering, why does he not work for the american people that they elected to do the american people business, not their business. host: thank you for calling. a live picture of the u.s. capitol. 7:23 in washington. some heavy rain and perhaps some snow. a. when terry mix are expecting in town. we mention that because the president is heading back into town. the senate and white house -- the senate and house are due back tomorrow. this is an politico. there is another piece of this morning that says the house member elect is also interested in the peak in the seat -- adapter the seat. springfield, va., lewis, an independent. caller: good morning. you could consider me a little bit pessimistic. i am actually looking at it as realistically as possible. i have a degree in macroeconomics. i believe that they all should be -- we should institute term limits on all of them. maybe a six-year term limit. they're all thinking of r
CNN
Dec 31, 2012 9:00am PST
, there will be a significant bipartisan majority in the senate. the house speaker john boehner suggested at the white house meeting the other day that whatever passes the senate he would allow to come up for an up or down vote in the house of representatives. if he allows that to happen and the democrats are on board, there will be a need for some republicans to join those democrats in the house and pass it, and then the president would sign it into law. my expectation is that that would probably happen and there would be enough republicans to join democrats. yes, there would be some liberals on the democratic side and a lot of conservative it is on the republican side would vote nay, but there would be 218 votes in the house of representatives to pass it. then the president would sign it into law. it might not happen today. it could happen tomorrow. let's see what happens. i think there will be the votes, assuming the leadership's on board. >> all right. could you a lot of fast-moving parts that happen. wolf, thank you very much. we'll take a quick break. we're waiting for the president to speak there abo
CNBC
Dec 26, 2012 6:00am EST
. if you vote on the deal that john boehner couldn't get done in his conference thursday, if you vote on that in january, a deficit deal than december. it's actually a tax decrease. i don't think nothing is going to happen in the coming weeks. it is possible we get into the first week of january before something to vote on. congress has gotten used to doing things at the last minute and it's not exactly clear when the last minute is here. >> i've been saying for a while you don't have to deal with 400 or 500 grand, get 250, what the president has wanted all along and get the republicans to not vote for a tax cut for everybody under 250. why hasn't that been the strategy or can you tell me that hasn't been the strategy all along? >> the piece of it i don't fully understand why the speaker decided to do what he did last week, walk away from negotiations. they were getting pretty close between the speaker and president and john boehner came up with plan b and it didn't happen. i'm not quiteshi shirure what t detail was about. while the leaders were negotiating we had a lot of time to tal
CSPAN
Dec 27, 2012 1:00pm EST
, signed john amplete boehner. speaker of the house of representatives. the speaker pro tempore: the prayer will be offered by our chaplain, father conroy. chaplain conroy: god of all creation we give you thanks for giving us another day as this chair lies silent still we pray for hope as americans experience anxiety about their future. send a spirit of wisdom and good judgment upon the leaders of congress that they experience peace on earth among all good men and women. this is for your greater honor and glory, amen. the speaker pro tempore: the chair has examined the journal of the last day's proceedings and announces its approval thereof. pursuant to clause 1 rule 1, the journal is approved. mr. kucinich: join us as we pledge aliegesance to the flag. i pledge allegiance to the flag of the united states of america and to the republic for which it stands, one nation under god, indivisible with liberty and justice for all.. the speaker pro tempore: for what purpose does distinguished majority whip, the gentleman from maryland rise. mr. hoyer: ask to address the house. the speaker pro tempor
CNBC
Dec 27, 2012 6:00am EST
to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment benefits. and the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. in a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay hitting the government's 16$16.4 trillion borrowing limit. treasury will take several measures to save that next year to keep the government from reaching the limit for about two months. but geithner warns it is harder to predict how long the delay will last because of all of this ongoing fiscal cliff negotiations making it harder to forecast what revenue and tax spending
CNBC
Dec 28, 2012 6:00am EST
-- and here's what makes me mad is everyone's running around saying john boehner can't get it through his caucus. i get it, fine, whatever. it's not like the house that is ever in the driver's seat of tax bills. the house is supposed to write them and the senate's supposed to decide them. and guess what -- >> jimmy you got a democrat u.s. president, democratic chamber with the u.s. senate, why can't the president get this done? i mean, this is-ish. >> it's that simple. there are two words, they're called, i object. if you've ever worked -- raise your hand on the panel if you've ever worked in the united states senate. i don't see any hands. in the senate you got 100 egotistical men and women, which i'm fine with that. but if one of them is pissed off about something, they say i object and you can't get it through. the bottom line is, you've got one person objecting, mitch mcconnell. i like mitch mcconnell. he's not a terrible guy. but he keeps objecting and that's going to be the problem. he's going to be the decider on this. if he can get his caucus to coalesce and get 60 votes or no obj
CNBC
Dec 27, 2012 9:00am EST
. they're not here. john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing it is obvious, mr. president, what is going on around here. he is waiting to january 3rd to get re-elected as speaker before he gets serious with negotiations because he has so many people over there that won't follow what he wants, that's obvious from the debacle that takes place last week and it was a debacle. he made an offer to the president. the president came back, they are just a little bit ap he walked away from that and went to plan b. but -- which all you did is whack people who need help the most. poor people. and he couldn't even pass that. remember, he is not letting the house of representatives vote, he is letting the republicans vote. it was so bad, he was in such difficult shape there he wouldn't even allow a vote to take with his republicans because he knew he would lose. for months, he has allowhood house republicans to hold middle class taxpayers hostage to protect the richest 2% and the funny part about that, mr. president, the 2% don't wa
CNBC
Dec 26, 2012 5:00am EST
back from hawaii. speaker john boehner has not even committed to bringing the house back into session. the senate will come back on thursday. and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a deal does come through, it -- more likely will not be comprehensive, right? there's going to be a lot of negotiating that occurs after the first of the year. i guess my question to you is, does this leave the markets open to turmoil and more volatility as we head into january? >> the markets are going to be left open to turmoil and volatility, period. what we've seen is that despite the stakes getting higher, this isn't a game of poker but one of go fish. and no o
CBS
Dec 28, 2012 5:00pm EST
-minute deal towards the so called -- to avoid the so-called fiscal cliff has finished. john boehner was at the white house today trying to reach an agreement to avoid hundreds of billions of dollars of tax increases and spending cuts. no statement is expected anytime soon. we go live now to washington to war correspondent, ben. >> all of the participants at this meeting left without a word. i don't think we will hear from them the rest of the day. there is a great deal at stake and very little time left. it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes there is little doubt in washington about the seriousness
CNBC
Dec 26, 2012 5:00pm EST
on both sides of the aisle. house speaker john boehner says the senate needs to act first. meantime, just about 40 minutes ago, tim geithner said the u.s. is simply running out of money. let's get the latest on this game of chicken from c nbc's chief political correspondent, john harwood. john? >> melissa, i want to bring you up to date on the fiscal cliff developments. first of all, as you mentioned, secretary geithner has informed the senate that the united states government will hit its debt ceiling on monday. that is december 31st. now, that doesn't mean that anything happens immediately, because the treasury can take various steps to postpone the moment of reckoning, probably a couple of months. it's still significant. that's an effort to pressure congress. secondly, the house republicans have met, leadership has met, sent a letter to democrats saying the house has acted, now it's up to the senate to act. that's, of course, the m theic-controlled senate which has no intention of taking up that house bill, which would extend all of the bush tax cuts. the president wants to only extent
CNN
Dec 28, 2012 9:00am PST
to meet with house speaker john boehner, minority leader nancy pelosi, senate majority harry reid and minority leader mitch mcconnell. that is happening this afternoon. jessica yellin is there. jess, what do we know about the president's plan to get everybody in the same room? do we think there's going to be something that comes out of this? >> reporter: well, this is one of those cases where we really are going to have to wait and see, and all the parties involved are also going in with a big question mark. the idea is the expectation by many of the participants in the meeting is that they hope that they will be able to discuss more details about a scaled-down fiscal cliff plan. and maybe that could lead to some sort of agreement ideally for all parties in which all the senators say that they will not filibuster it, and it can go to a vote. and then speaker boehner could, in theory, agree to bring it to a vote on the house floor after the house comes back on sunday. and then we would get all of this behind us before new year's eve. how likely does that sound? not so likely. >> yo
CSPAN
Dec 31, 2012 2:00am EST
to the house it got stuck, so senator inhofe and i and senator reid went over to meet with john boehner and chairman mica and we all agreed we'd get it done. neither side got everything they want and anyone who takes that position in my opinion is not putting country fst. i don't care whether they are republican, a democrat, or anything else. we are not each of us going to get everything we want. lord knows. there's a lot i could do if i had a wand and could make it happen. but everybody has a different view of exactly how to go forward and i think we're being tested here. so i know it's tough going, and i know if we don't get a deal, it doesn't stop there, we'll keep on working. but there is no reason on this beautiful god'sreen earth why we can't get a deal here. if everyone is sincere in saying they want the middle class could be protected, we can get a deal here. president obama says $250,000 is the line, maybe i think $350,000 is the line, maybe someone else $500,000, maybe somebody else $150,000. we can meet somewhere and cut that reason somewhere in the middle. and save this coun
CSPAN
Dec 27, 2012 5:00pm EST
. the last day of this session was a perfect example of my way or the highway. john boehner had the temerity to suggest a little bit of a compromise, not much of one, and one he knew could not pass the senate. even that small step was rejected by his conference. the american people have a right to be very upset with his conference, that we are not carrying out the business that is before this country, that we are not meeting our responsibilities to each and every one of them and each and every family, each and every business, and addressing the challenges that they know are before us. i have never seen a public as energized or as knowledgeable about an issue as they are the fiscal cliff. i do not mean that they know every paragraph, sentence, and ramifications of the failure to stop going over the fiscal cliff, but they know it will not be positive. they know it will have a negative impact on the economy. and they know it will have a negative impact on them and their families, and they are expecting us to be here to work and we are not. i just observed on the floor that tens of millions of a
CSPAN
Dec 31, 2012 12:00pm EST
. host: the president yesterday speaking. that led to a response from the speaker of the house john boehner. he issued a statement that included these words -- he says the president is the one who has never been able to get a yes. house passed legislation to avert the entire fiscal cliff canada and the president has never called for the senate to act on those skills in any way." it's part of a six-paragraph statement from the speaker of the house yesterday afternoon. guest: it's a lot of back-and- forth. it's a lot of finger-pointing. they should all be in the room. they should be working on this until it gets done. every member of congress should feel an obligation to be putting forth solutions. it seems to me that there are far more focus on the political gains or downside of various deals than there is the true effect this as on the country. host: even if they were in the room with all the principles and the five or six principles agreed to plan, could pass the republican house of the democratic senate? guest: it depends what is in the plan. so far what we've seen is plans that a
CSPAN
Dec 24, 2012 12:00pm EST
as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: the brare will be offered by our chaplain, father conroy. chaplain conroy: god of light, we give you thanks for giving us another day, as this chamber lies silent, we pray for joy, hope, and love within the homes of the members of the people's house. send us your spirit so that there might be peace on earth, good will among all men and women. all that is done this day be for your great honor and glory. amen. the speaker pro tempore: the chair has examined the journal of the last day's proceedings and announces to the house his approval thereof. pursuant to clause 1 of rule 1, the journal stands approved. the share will lead the house in the pledge of allegiance. i pledge allegiance to the flag of the united states of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. the chair lays before the house a communication. the clerk: the honorable the speaker, house of representatives. sir, pursuant t
CNBC
Dec 27, 2012 5:00pm EST
with the markets ten days ago, the markets ripped when it looked like boehner put on the table an extension of one year on the debt ceiling. as john has been saying, that's the biggest risk factor to look that. he gave that and he expected, his caucus expected a on the from the president. he didn't get any 2013 or '14 real spending cuts. they got long-term promises, most people in washington won't be in office in ten years. that's the sticking point. it comes down to medicare, spending cuts 2013, 2014. you have to trade what i've been saying of the last month. i've been buying on the moments of fear, receiving the rallies. ill think we're going to get a deal but you have to trade around that. >> let's hone in on that. let's say december 31st passes, we're there january 1st, january 2nd is the first trading day, market participants can react to what is a lack of news. they are working in washington to get a deal together, is that going to be an inflection point of fear in the markets? >> just before, as we saw today, probably going to have one more of those moments of fear and then we're going to g
CNBC
Dec 24, 2012 9:00am EST
to give on anything and lose some of his base if he feels that boehner can't even deliver his own package. so they greet it a little more negatively than the full market. >> on the side of senator john bar oso said over the weekend, said the president senses victory at the bottom of that cliff. in other words, if they can't deliver on the cliff, most people blame republicans anyway. so politically there is some argument to be made for going over. >> well, yes, it would seem to favor the white house. so that might be tempting. on the one side, as i say, no sense giving in if you think the man you're negotiating with can't deliver anything. it could get to be very difficult. again, we're watching for little signs like, will the treasury ask companies to change the withholding. if not, then they're assuming that the trip over the cliff is going to be very, very brief. so we'll see how -- >> if they don't, though, that suggests it might be a longer run over this cliff. >> oh, if they do come in and say we'd like you to take another look at your withholding, then that would mean they may be lo
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